BP Signs 10-Year LNG Supply Agreement with Singapore's Pavilion Energy
09 Junho 2021 - 3:52AM
Dow Jones News
By Joe Hoppe
BP PLC said Wednesday that it has signed a long-term liquid
natural gas sale-and-purchase agreement with Pavilion Energy Ltd.,
for the supply of around 0.8 million metric tons of gas.
The U.K. energy giant said the deal with the Temasek Holdings
subsidiary will see it supply liquid natural gas to Singapore for
10 years from 2024.
The companies will co-develop and implement a greenhouse gas
quantification and reporting methodology, which will cover
emissions from the wellhead to the discharge at the end of the
process.
"We are excited to enter into this agreement with Pavilion
Energy not only to supply the Singapore market with LNG but also to
co-develop a methodology to quantify the carbon intensity
associated with the supply," BP Singapore President Eugene Leong
said.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
June 09, 2021 02:37 ET (06:37 GMT)
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